NIFTY 50

August IIP data: Here’s what to expect

Updated : October 11, 2019 10:05 AM IST

Index of Industrial Production (IIP) is expected to grow at a dismal 1.36 percent in August as against 4.3 percent in July.

The core sector data declined for the month of August, down around 0.5 percent. The market manufacturing PMI also moderated to 51.4 percent in August versus 52.5 percent.

The other indicators within core sector saw moderation in growth. Electricity was down 2.9 percent, coal production was down 8.6 percent, crude production was down 5.4 percent, and natural gas production and cement production also declined. Auto production has been weak and it declined 18 percent in the month of August after an 11 percent decline in July.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV